Atheros Communications Inc. (NASDAQ: ATHR) beat expectations on the surface, but the drop here appears to be tied to weaker PC-related revenues. There have been under 100,000 shares traded so far, but the stock is trading down 6.75% at $28.40 versus a 52-week range of $21.77 to $43.90 and a close yesterday of $30.46.
Cirrus Logic Inc. (NASDAQ: CRUS) is lower after a 118% gain in revenue to $81.9 million slightly beat Thomson Reuters estimates; Revenue guidance was put at $98 to $106 million, above estimates of $86+ million. As this is a seller of chips for iPad and iPhone, this wasn’t good enough. Shares are down 5.7% at $16.48 on over 350,000 shares. The 52-week range is $4.44 to $18.85.
Goldman Sachs Group Inc. (NYSE: GS) is trading lower by 3% at $141.20 on about 1 million shares after the investment banking giant posted lower income. Keep in mind that there is already talk that the earnings may have been sand-bagged.
International Business Machines Corp. (NYSE: IBM) was light on the top-line and its raised guidance for 2010 was slightly under consensus. Shares are down almost 5% at $123.80 on almost 100,000 shares.
MGIC Investment Corporation (NYSE: MTG) is up this morning after a surprise profit after what may have been 3 years worth of losses. Shares are trading up almost 5% at $8.20 on over 300,000 shares. Its 52-week range is $3.72 – $13.80.
Nokia Corporation (NYSE: NOK) must really need a new CEO to lead the company after all of its troubles. Rumors and reports of a new CEO search have shares up 2.5% at $9.04 on almost 700,000 shares.
SandRidge Energy, Inc. (NYSE: SD) is showing an unexpected rop for a day-two indication now that it has closed on its Arena Resources buyout. While on thin volume, we show shares down 2% at $6.30 in the pre-market trading.
Texas Instruments Inc. (NYSE: TXN) is getting slapped after meeting expectations. Shares are down 5.7% at $24.10 on about 140,000 shares.
Tupperware Brands Corporation (NYSE: TUP) is getting hit hard after its Q2 earnings miss. Shares are down 11.25% at $38.40 on only about 25,000 shares. Traders may want to watch shares of Newell Rubbermaid Inc. (NYSE: NWL) for any downward sympathy, although no shares of Newell have yet traded this morning.
Zions Bancorp. (NASDAQ: ZION) is getting clipped after an unexpected wider loss. Shares are down 8.4% at $19.62 on about 200,000 shares.
JON C. OGG
Top Gaining Stocks
Top Losing Stocks